She made the announcement as part of tranche four of the Rs 20 lakh crore stimulus package, adding that the move will address the sub-optimal performance of power discoms.

Power distribution companies (discoms) in Union Territories will be privatised, Finance Minister Nirmala Sitharaman said on May 16.

She made the announcement as part of tranche four of the Rs 20 lakh crore stimulus package, adding that the move will address the sub-optimal performance of power discoms.

“This will lead to better service to consumers and improvement in operational and financial efficiency in distribution. It will also provide a model for emulation by other utilities across the country,” the finance minister said.